Day: May 20, 2021

– Anchorage Investments selected Novolen polypropylene (PP) technology for its low capital and operating expense, simple process, and competitive and flexible solutions for a full range of PP products

– Anchor Benitoite project expected to increase petrochemical activity in the region and strengthen Egypt’s competitiveness as a petrochemical hub.

– Selection reinforces Novolen’s position as the industry’s leading licensor of PP technology

HOUSTON, May 20, 2021 /PRNewswire/ — Lummus Technology today announced that its Novolen business has been selected as the PP licensor by Anchorage Investments for its Anchor Benitoite project in Suez, Egypt. Lummus’ scope includes the technology license for a 590 KTA polypropylene unit as well as basic design engineering, training and services, catalyst supply and operator training simulator services.

“The Anchor Benitoite project will include a 590 KTA Novolen PP unit as the main derivative of the propylene produced within the complex,” said Dr. Ahmed M. A. Moharram, Founder and Managing Director of Anchorage Investments. “The low investment and operating costs for Novolen technology based on its efficiency, combined with the process simplicity and the robustness of operation while offering a wide product slate, were the key drivers for our selection of the PP technology.”

“We are thankful to Anchorage Investments for selecting Novolen’s technology, which has solidified its place as the leading PP technology licensed over the past few years,” said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. “The global PP market continues to show overall resilience to demand sensitivities and fluctuations in certain segments, and Novolen’s PP technology offers the best solution because of its flexibility and ability to adapt to changing market conditions.”

The Anchor Benitoite project will encompass production units producing several different petrochemical products and intermediates. Located near the Suez Canal, an area that provides distinctive advantages in terms of its geographical location, port connectivity and associated capital and operating costs, Anchor Benitoite is envisioned to be a gateway to petrochemical activity on regional and global scales, increasing Egypt’s competitiveness and position as a petrochemical hub.

Anchorage Investments Ltd. (www.anchinv.com) comprises of separate entities in the fields of: development of petrochemicals projects, mining/quarrying, project management, and development of beneficiation/building materials manufacturing projects. The company’s petrochemicals division was established with the objective of developing, owning and operating petrochemicals projects in the Middle East region. These projects will produce basic petrochemicals building blocks, intermediates, derivatives and final products that would fill-in market gaps domestically, regionally and globally.

Lummus Novolen Technology GmbH licenses polypropylene technology and provides related engineering and technical support/advisory services. Novolen also supplies NHP^® catalysts for the production of high-performance polypropylene grades in the Novolen process and NOVOCENE^® metallocene catalyst for the production of special polypropylene grades.

About Lummus Technology
With a heritage spanning more than 110 years and a focus on innovation that has resulted in approximately 130 technologies and 3,400 patents, Lummus Technology is the global leader in developing and implementing process technologies. We are a Master Licensor of petrochemical, refining, gasification, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment and related services to customers worldwide. To learn more about the new Lummus, visit www.LummusTechnology.com.

Logo – https://mma.prnewswire.com/media/1198766/Lummus_Technology_Logo.jpg

BAODING, China, May 20, 2021 /PRNewswire/ — Recently, GWM POER, a quick seller of GWM, has been launched successively around the world and hit a new high in sales volume in April. According to VFACTS data, GWM POER accounted for 3% of total monthly market sales in Australia and New Zealand, with a month-on-month increase of 50%, ranking the 8th place as a whole and becoming the winner in China’s pickup sales in Australia; moreover, in New Zealand, it advanced into the top ten with a year-on-year increase of 186% in April.

GWM POER not only has a booming market sales, but also has won many authoritative media awards in just a few months after its launch. Within one month after the launch in Chile, GWM POER has won the most valuable award in the Chilean auto industry – “Best Pickup of the Year”. Recently, GWM POER participated in the annual model selection activity of Autocar, an authoritative media in Australia, and won the award of the “Best Model of the Year” in the pickup category in competition with international pickup brands. It gained high appreciation from many Australian media. For instance, Autocar praised GWM POER as the “first choice of multi-functional pickups” with “amazing driving experience”; Cars Guide commended that “the power of GWM POER has already surpassed that of tier-1 competing products”; Carsales even directly compared GWM POER with the market giant, Ford Ranger, and acclaimed that “GWM POER is completely different from other Chinese competitors and will thoroughly change the pattern of the Australian pickup market”.

The reason why GWM POER is loved by many consumers in Australia, New Zealand, and other sacred lands of pickup culture and becomes a hit model worldwide is that GWM POER has a grand and exquisite facade, with the interior trim made of materials for SUVs, making it a top-notch and luxurious model. It has a 3.5T towing force, the best of its class and manifests strong off-road performance. Equipped with an 8AT transmission and a 2.0T high-power engine, with the maximum power of 120 kW and the maximum torque of 400 N·m, it runs robustly and smoothly. Besides, it has an exclusive multi-language recognition capability and a mobile wireless charging function with such abundant features as adaptive cruise control, a smart cabin and L2-level automatic driving, to ensure safer and easier running and a better driving experience.

As Andrew Collinson, international head of design in GWM, said that “make Chinese pickups popular around the world”. In the future, GWM POER will continue to ramp up efforts in such aspects as appearance design, performance, configuration, intelligence, and safety, to create products highly recognized by global users and consolidate the global market layout.

Photo – https://mma.prnewswire.com/media/1514893/GWM_POER_wins_both_word_of_mouth_and_sales_with_stunning_product_strength.jpg

NEW YORK, May 20, 2021 /PRNewswire/ — Agenda Show and droppTV are excited to announce a partnership to bring new capabilities to Agenda’s B2B fashion trade shows and B2C festivals. This partnership will provide retail buyers and consumers with a more immersive brand experience, and introduce an ecommerce platform, that enables shopping directly within any multimedia streaming content. droppTV is unifying streaming entertainment, commerce, and content – defining a new commercial paradigm: “shopatainment.”

Key features of the partnership will include: 

• Expanded virtual and augmented reality capability that will extend the reach of Agenda’s live events, providing new onsite experiences and expanding access to brands that are not able to be physically present
• An opportunity for Agenda’s exhibiting brands to collaborate with music talent and influencers by integrating with dropp’s platform, and engage in a new and authentic ecommerce experience through streaming media
• Augmented reality experiences at Agenda’s August events in Las Vegas and Atlantic City, showcase the power of the collaboration and provide a hybrid experience during the in-person events
• New artists and brand collaborations will be showcased at the live events and the latest music videos to be released across the droppTV platform
• First-of-its-kind activations on the Agenda floor bringing to life culture, lifestyles and fashion experiences

About Agenda:

Agenda (www.agendashow.com) has a long-established reputation as one of the most diverse and creative lifestyle fashion trade show brands in the world. Since 2003, Agenda has been a destination for brands and retailers to converge in a creatively staged and authentic event environment. Agenda is owned and operated by AZTQ Corporation (www.aztq.com). AZTQ corporation, based in Toronto, offers capabilities ranging from exhibition management to live event design and production, delivering impactful experiences for clients and attendees.

About droppTV:

droppTV (https://www.dropp.tv) is a shoppable streaming platform at the intersection of music, culture, fashion, and celebrity that empowers artists to create virtual pop-up shops in their music videos so they can sell their own merchandise, limited-edition and luxury streetwear apparel. It is the future of content-driven commerce, taking traditional retail and video models and fusing them to create something new to reach the hypebeast hungry consumer driven by a “See it. Want it. Buy it.” impulse. droppTV is a haven for both artists and brands to reach their respective communities and build hype with integrity through limited supply hypebeast “dropps.”

Related Links

https://www.agendashow.com
https://www.dropp.tv

CHANGZHOU, China, May 20, 2021 /PRNewswire/ — Built by China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”), the Jiaze Gas Station located in Changzhou, Jiangsu Province is now China’s first gas station to achieve carbon neutrality as its distributed photovoltaic power generation project (the “Project”) officially goes into operation recently.

Comprehensively assessed by the authorities, the project can offset the power consumption of the station, and the carbon emission reduction can offset the carbon emissions, making this a  landmark achievement of great significance across the industry.

The Jiaze Gas Station Project adopts the model of “self generation for self usage with surplus power entering the grid,” achieving an uninterrupted switch with the State Grid. It uses photovoltaic power generation instead of coal-fired power generation and supplies surplus power externally while meeting the power demands of the station.

It is estimated that the annual power generation of the Project is 127,000 to 147,000 kWh, which can reduce carbon dioxide emissions by 91.2 to 105.6 tons. In 2020, the power consumption of the station was 99,000 kWh. Per the calculation based on the theoretical 25 year-life cycle of the photovoltaic power station, and in comparison with traditional thermal power projects, emissions of 3,800 tons of carbon dioxide, 116 tons of sulfur dioxide and 56 tons of nitrogen oxide can be reduced throughout the whole life cycle.

In addition, the Jiaze Gas Station has implemented a series of measures to reduce carbon emissions, including oil vapor recovery and sewage recovery and treatment, to promote the construction and development of carbon-neutral gas stations.

As China sets to achieve the target of reaching carbon emissions peak by 2030 and achieving carbon neutrality by 2060, Sinopec will unswervingly push towards reaching net zero emissions, centering on the vision of building a world-leading clean energy chemical company, accelerating energy transformation and industrial upgrading and actively constructing photovoltaic power generation stations. At present, Sinopec has established 160 photovoltaic power generation stations in the provinces of Hainan, Guangdong, Guangxi, Yunnan and more.

In the next five years, Sinopec will lay out 7,000 photovoltaic power generation stations, and Sinopec Jiangsu Oilfield Company plans to build 900 carbon-neutral gas stations. Sinopec aims to make ‘green and clean’ the calling card of the company through special models such as developing carbon-neutral gas stations and planting carbon-neutral forests.

Looking forward, Sinopec will accelerate the creation of an integrated energy service provider for ‘oil, gas, hydrogen, electricity and non-oil services,’ promoting clean fossil energy, large-scale non-fossil energy and low-carbon production processes to ensure that we reach carbon emissions peak by 2030, and strive to achieve carbon neutrality by 2050, and make renewed contributions in response to global climate change as a responsible corporation.

About Sinopec

Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fiber, fertilizer and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.

Sinopec sets ‘fueling beautiful life’ as its corporate mission, puts ‘people, responsibility, integrity, precision, innovation and win-win’ as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading energy and chemical company.

For more information, please visit Sinopec.

Photo – https://mma.prnewswire.com/media/1515012/Sinopec_Builds_China_s_First_Carbon_neutral_Gas_Station.jpg
Logo – https://mma.prnewswire.com/media/960416/SINOPEC_Logo.jpg